B&T Rentals Renews 18.6K SF Industrial Lease In Houston's Four Seasons Business Park
6826 Bourgeois Road
Building Size
18,600 SF
Asset Type
Industrial
Closing
Feb 14, 2024
AI
An 18,600-square-foot industrial lease renewal has been brokered by Houston's Finial Group. The lease is for B&T Rentals and is located in Four Seasons Business Park on the city’s northwest side. The single-tenant building at 6826 Bourgeois Road, constructed in 2015, is the property involved in this transaction.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: N/A
- Square Footage: 18,600
- Address: 6826 Bourgeois Road
- Market: Houston
Representing B&T Rentals in this deal are Jack Gaffney and John Buckley from Finial Group. They provided brokerage services for the undisclosed landlord.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93